C000083504 Performance — Tax-Aware Overlay N Portfolio, Class 1
Data updated: 2024-02-27
C000083504 returned +7.59% over one year to Dec 2023. The annualised 3-year return is +0.38%. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $101, against $98 for the category, and to $108 over one year, against $105. Volatility over the past three years was 8.44% a year. In the 12 months to Dec 2023 the fund lost a net $118.0M, and assets reached $135.57M.
C000083504 Growth of $100
What $100 invested in Tax-Aware Overlay N Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | C000083504 | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $108 | $105 |
| 3 years (Jan 2021 – Dec 2023) | $101 | $98 |
| Since data start (Jul 2019 – Dec 2023) | $109 | $104 |
C000083504 Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.59% |
| 3 years (annualised) | +0.38% |
C000083504 Annual Returns
Calendar-year total returns of Tax-Aware Overlay N Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +7.59% |
| 2022 | −13.35% |
| 2021 | +8.48% |
| 2020 | +5.54% |
| 2019 (Jul–Dec) | +2.36% |
C000083504 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +3.3% | −2.4% | +2.2% | +0.2% | −1.2% | +1.9% | +1.3% | −1.8% | −3.3% | −1.8% | +6.2% | +3.3% |
| 2022 | −3.6% | −1.1% | −1.4% | −3.7% | +0.8% | −2.6% | +3.2% | −3.0% | −4.9% | +0.3% | +3.4% | −1.1% |
| 2021 | +0.4% | +0.4% | +1.6% | +2.1% | +0.7% | +0.6% | +1.0% | +0.7% | −2.1% | +1.9% | −0.5% | +1.4% |
| 2020 | +0.2% | −2.2% | −8.3% | +0.4% | +3.4% | +2.4% | +2.9% | +2.1% | −1.5% | −0.8% | +5.3% | +2.3% |
| 2019 | — | — | — | — | — | — | +0.4% | −0.2% | −0.4% | +0.7% | +0.6% | +1.3% |
C000083504 Risk
Risk measures from monthly returns over Jan 2021 – Dec 2023.
- 3-year volatility (annualised): 8.44%
- 3-year Sharpe ratio: -0.49 (vs 4.5% risk-free rate)
- Best month: +6.15% (Nov 2023)
- Worst month: −4.89% (Sep 2022)
C000083504 Fund Flows
Monthly money in and out of Tax-Aware Overlay N Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$118.0M
- 12-month gross sales (incl. reinvestments): $9.0M
- Sales ÷ redemptions: 0.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2023 | $3.1M | $7.7M | −$4.7M |
| Nov 2023 | $207K | $9.2M | −$9.0M |
| Oct 2023 | $356K | $5.7M | −$5.4M |
| Sep 2023 | $213K | $7.0M | −$6.8M |
| Aug 2023 | $486K | $11.5M | −$11.0M |
| Jul 2023 | $217K | $5.4M | −$5.2M |
| Jun 2023 | $198K | $10.0M | −$9.8M |
| May 2023 | $242K | $5.7M | −$5.5M |
| Apr 2023 | $166K | $42.2M | −$42.0M |
| Mar 2023 | $549K | $11.6M | −$11.0M |
| Feb 2023 | $1.9M | $6.3M | −$4.3M |
| Jan 2023 | $1.4M | $4.7M | −$3.3M |
C000083504 Assets Under Management
Net assets of Tax-Aware Overlay N Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-12-31 | $135.57M |
| 2023-09-30 | $147.76M |
| 2023-06-30 | $176.95M |
| 2023-03-31 | $232.64M |
| 2022-12-31 | $244.30M |
| 2022-09-30 | $273.21M |
| 2022-06-30 | $310.79M |
| 2022-03-31 | $346.46M |
| 2021-12-31 | $383.57M |
| 2021-09-30 | $378.42M |
| 2021-06-30 | $386.32M |
| 2021-03-31 | $382.42M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.